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The salient points in the Yangon Stock Exchange’s (YSX) listing criteria
A listing on a stock exchange refers to the company’s shares being admitted on the board of stock exchange that are officially traded by a large number of investors including individuals and institutional investors in the market. Once a company’s shares are listed, the shares will be available for investment to general public. An applicant company is required to know listing criteria, a set of basic requirements or standards for a public company for listing on YSX. Listing criteria differ among stock exchanges in the world, however, it serves the same purpose which is to ensure qualify shares for the investors. An applicant company must follow 17 criteria issued by YSX to list on YSX. Whether or not a public company lists on YSX, understanding criteria enables not only to improve the company, but it also to be well prepared for listing on the stock market in the future. Preparing for listing on the stock exchange is not easy as expected. To be able to meet the criteria in a short time is not possible, but it has to take time for at least one year. It can be known by learning six listed companies. -
Myanmar Investment Committee (MIC) endorsed 70 domestic firms in the last 2019 – 2020 financial year
The region and state investment committees gave the green light to 70 domestic enterprises in the last financial year 2019-2020, with an estimated capital of K191.89 billion, the Directorate of Investment and Company Administration’s data indicated. Between 1 October and 30 September of the FY2019-2020, Ayeyawady Region Investment Committee cleared 13 projects, ploughing in estimated capital of K41.26 billion. Similarly, Yangon Region Investment Committee gave a go-ahead to 12 enterprises with K26 billion, Taninthayi to 10 projects with K41.38 billion, Sagaing to 10 enterprises with K13.9 billion, Mon to five businesses with K13.6 billion, Kayah to four enterprises with K8.2 billion, Mandalay to three enterprises with K12.14 billion, Nay Pyi Taw Council to two businesses with K6.147 billion, Chin to two enterprises with K2.535 billion, Bago to two enterprises with K5.265 billion, Shan to two projects with K5.67 billion, Kayin to two enterprises with K9.6 billion, Magway Region to one with K2.5 billion, Rakhine to one with K2.499 billion, and Kachin to one with K965 million respectively. -
Myanmar Fruit, Flower and Vegetable Producers and Exporters Association (MFVP) invited business partners for Yangon mobile market scheme
Myanmar Fruit, Flower and Vegetable Producers and Exporters Association (MFVP) has called for the affiliated associations and businesspersons to cooperate in the distribution and retail business of Yangon mobile market scheme. MFVP planned to help support fast and smooth commodity flow of the producers and market stability amid the COVID-19 crisis and initiated the mobile market scheme to sell the fruits and vegetables with mobile trucks in the townships of Yangon, supported by Myanmar Trade Promotion Organization under the Ministry of Commerce and Yangon City Development Committee (YCDC). Thus the MFVP invited the retail business partners who want to work together with them in line with the regulations. -
Tak province ordered a temporary halt to all movement of goods across the border with Myanmar until 25 October 2020
The northwestern Thai province of Tak ordered a temporary halt to all movement of goods across the border with Myanmar from Monday until Oct. 25, in an attempt to stem the possible spread of COVID-19 from Myanmar, Xinhua reported. In the past week, three Myanmar cross-border truck drivers and three members of a family of Myanmar migrant workers tested positive for COVID-19 in Tak's Mae Sot district. -
Yangon Region Investment topped USD $ 308.768 million from 137 foreign firms in the last 2019 – 2020 financial year
Yangon Region Investment Committee endorsed 137 enterprises in the past financial year 2019-2020, bringing in estimated capital of US$308.768 million, according to the Directorate of Investment and Company Administration (DICA). Between 1 October and 30 September of the FY2019-2020, Yangon Region stood at the first place with 137 foreign enterprises (with a capital of $308.768 million), followed by Bago Region with 18 foreign projects ($72.645 million) at the second place and Ayeyawady, with nine at the third place ($19.614 million). Additionally, foreign direct investments also flow into Taninthayi Region from two projects worth $1.397 million, Magway Region from two worth $0.991 million, Mon State from two worth $1.664 million, Mandalay Region from one business valued $4.6 million, Sagaing Region from one worth $3 million, Kachin State from one worth $1 million, Shan State from one worth $4.13 million and Nay Pyi Taw Council from one valued $5.862 million. -
Myanmar’s external trade touched USD $ 473 million as of 9 October in 2020 – 2021 financial year
Myanmar’s external trade between 1 and 9 October in the current financial year 2020-2021 touched a low of US$473.89 million, a sharp drop of $473 million compared with the corresponding period of the FY2019-2020, according to the Ministry of Commerce. During the same period in the previous FY, trade stood at $947 million, according to data released by the ministry. The decrease in Myanmar’s foreign trade was attributed to the drop in exports and imports in the first nine days of the current FY amid the COVID-19 crisis. Myanmar exports agricultural products, animal products, minerals, forest products, and finished industrial goods, while it imports capital goods, raw industrial materials, and consumer goods. -
Microsoft launched the Highway to 100 Unicorns initiatives to strengthen startup ecosystem in Myanmar
Microsoft for Startups launches the Highway to a 100 Unicorns initiative in the Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where only 56 startups were selected to the Emerge X program from six states, which have over 15000+ startups. The Emerge X winners have greatly benefited with global market access support, a 3-day founder Bootcamp with world-class mentors, access to funding, ongoing mentorship, and guidance on Azure, artificial intelligence, machine learning, and more. Innovation is critical to unlocking inclusive economic growth in the Asia Pacific; high-income economies in the region invest three times more in research and development as compared to their peers. To spur innovative entrepreneurship, Microsoft will work closely with governments and industry partners to discover and nurture technology startups with a high potential to become truly global enterprises in the future. -
Myanmar’s annual inflation rate fell 6.43 percent in August 2020
The annual rate of inflation in Myanmar, based on the Consumer Price Index, fell to 6.43 per cent in August 2020, according to a report released by the Central Statistical Organization, under the Ministry of Planning, Finance and Industry. The US dollar against Kyat is relatively weak in August, with a fall of about five Kyats than the previous month and a sharp drop of K141 against a-year ago period. However, the gold price significantly rose in August on the back of global cues. Similarly, the imported oil price went up against July’s rate, causing truck fares and food price to rise. Nevertheless, there was a remarkable increase in CPI for the food group, household goods and maintenance, other commodities, clothing, education services, recreation, culture and non-food. The price of the education group is stable due to the closure of schools amid the COVID-19. The cost of telecommunications and tobacco and beverages dropped, the report stated. Starting from August 2019, the consumer price index rose, and the inflation rate has remained above 8 per cent since June 2019. It reached a peak of 8.61 per cent in September and dipped in November. It touched the highest level at 8.81 per cent in December 2019 because of the high season. -
The CMP raw materials imports plunged to USD $ 2.17 billion in the 2019 – 2020 financial year
CMP raw materials import has registered at US$2.17 billion in the past financial year 2019-2020, which plunged from $2.37 billion recorded in the 2018-2019FY, according to the Ministry of Commerce. Myanmar manufacturing sector has mostly concentrated in garment and textiles produced on the Cutting, Making, and Packing basis, and it contributes to the country’s GDP to a certain extent. At present, some CMP garment factories have shut down on the reason for the lack of raw materials due to the COVID-19 negative impacts, leaving thousands of workers unemployed. The COVID-19 badly batters the labour-intensive enterprises, said an official of the Directorate of Investment and Company Administration. -
Traders requested China for temporary stay to sell watermelon and muskmelon
Fruits and Vegetable Wholesale at Muse (105) mile in its statement on October 13 have requested a temporary stay for some Myanmar fruits and vegetable traders at Wanding City, China when watermelon and muskmelon export volume is at large. The statement also implored the Shan State Government to address the difficulties of transportation and trading due to restrictions and COVID-19 preventive measures while the watermelon and muskmelon export season has begun. At present, due to the travel restriction into/ out of China, only goods can enter China while traders cannot go into the country, and thus the transaction is carried out by the phone when the goods arrive at Wanding Fruit Market. This method can become troublesome when the watermelon and muskmelon supply massively flows into the country. It can lead to a situation where farmers don’t get the remunerative price and thus the body requests Yunnan Province Government to grant a temporary stay for five Myanmar traders at Wanding City.
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